Commercial activity in Q1 2022:
Maersk Integrator: Maersk Drilling and Aker BP have entered into a rig swap agreement whereby the jack-up rig Maersk Reacher is to be replaced by the low-emission jack-up rig Maersk Integrator offshore Norway end-February/early March 2022. Maersk Integrator will be prepared for well intervention and stimulation activities at the Valhall and Hod fields. The previously announced Maersk Reacher work scope will accordingly be transferred on to the Maersk Integrator with an added scope estimated to eight months, which means that Maersk Integrator will be employed until January 2023. This contract swap arrangement will add approximately USD 29m to Maersk Drilling’s revenue backlog.
Maersk Reacher: Maersk Drilling has been awarded a contract with TotalEnergies E&P Danmark which will employ the high-efficiency jack-up rig Maersk Reacher for well intervention services in the Danish North Sea. The contract is expected to commence in June 2022, with a duration of 21 months. The contract includes options to extend the duration by up to 27 additional months.
Maersk Resolve: Maersk Drilling has been awarded a contract which could employ the harsh environment jack-up rig Maersk Resolve with Spirit Energy in the UK sector of the North Sea for the majority of 2022. The contract commenced in April 2022, with an estimated duration of 150 days. The contract value is approximately USD 16.9m, including mobilization and demobilization fees. The contract contains options to add additional work scopes with a total estimated duration of 85 days to the campaign.
Maersk Voyager: Maersk Drilling has been awarded contracts with Shell for the provision of the 7th generation drillship Maersk Voyager for drilling services offshore multiple countries. The contracts have commenced in April 2022, with a total firm duration of one year. The total contract value is approximately USD 107.5m, including a mobilization fee, but excluding integrated services expected to be provided and potential performance bonuses. The contracts include an additional one-year option.
Maersk Deliverer: INPEX Operations Australia P/L has exercised an option to extend the provisioning of the ultra-deepwater semi-submersible rig Mærsk Deliverer for drilling services at the Ichthys Field in the Browse Basin offshore Western Australia. The contract extension has a duration of one year and is expected to commence in July 2023, in direct continuation of the rig’s current contract. One one-year option remains on the contract.
The total firm value of contracts and extensions awarded to Maersk Drilling in Q1 2022 was approximately USD 0.4bn. At 31 March 2022, contract backlog amounted to USD 2.1 bn.
Subsequent events:
Maersk Resolute: ONE-Dyas B.V. has exercised an option to employ the harsh environment jack-up Maersk Resolute in the Dutch sector of the North Sea. The contract extension is expected to commence in May 2022, in direct continuation of the rig’s current work scope, with an estimated duration of 75 days. The firm contract value of the extension is approximately USD 6.3m.
Maersk Resolute: Maersk Drilling has been awarded contracts which will see the harsh environment jack-up rig Maersk Resolute employed to plug and abandon a total of 31 wells in the Dutch sector of the North Sea in support of a rig sharing agreement between TotalEnergies EP Nederland B.V. and Petrogas E&P Netherlands B.V. The contracts are expected to commence in Q2/Q3 2022, in direct continuation of the rig’s current contract, and will include the plugging and abandonment of 11 wells with TotalEnergies and 20 wells with Petrogas. The estimated duration is 575 days, and the total firm contract value is approximately USD 43m, excluding potential performance bonuses. The contracts include options to add additional work scopes with a total estimated duration of 228 days.
Maersk Invincible: Maersk Drilling has secured a contract with Aker BP, on behalf of the Ivar Aasen license, who will employ the ultra-harsh environment jack-up rig Maersk Invincible for the drilling of three infill wells at the Ivar Aasen field offshore Norway. The contract has an estimated duration of 86 days and is expected to commence in September/October 2022. The contract value is approximately USD 22.4m, excluding integrated services provided and potential performance bonuses.
Maersk Resilient: Maersk Drilling has secured a contract from Nederlandse Aardolie Maatschappij (NAM) for the provision of the harsh-environment jack-up rig Maersk Resilient for the drilling of one well in the L13 Block of the Dutch North Sea. The contract is expected to commence in June 2022, with an estimated duration of 101 days.
Maersk Developer: Karoon Energy Ltd has exercised options to add the drilling of up to two wells at the Neon field offshore Brazil to the work scope of the semi-submersible rig Maersk Developer. The contract extension has a duration of 80 days, in direct continuation of the rig’s previous work scope. The contract extension has a firm contract value of approximately USD 21m.
Source: Maersk
Join our mailing list here
We are #1 on Google and Bing for the "Largest Mobile Energy Network"
Come join our community!
Download the Rig Lynx app here
Comments (0)